“We are hoping to really build an M&a machine,” said Rothstein of the special purpose acquisition company 890 Fifth Avenue Partners. The deal announced today included BuzzFeed’s acquisition of Complex Networks for $300 million.
“There will be more acquisitions. There are more exciting companies out there that we want to pursue,” agreed Peretti. They spoke at a press conference announcing their merger.
Neither would comment on potential targets. “We are not going to buy Viacom, I can confirm that,” Peretti joked.
Digital publisher Group Nine formed a Spac to hunt for companies to buy. Vice Media is said to be merging with a Spac itself. SPACs are formed by investors and executives and